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Exporting Infrastructure

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Exporting Infrastructure

rffrydr
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Posted: Fri Oct 15, 2010 7:43 am Post subject: Exporting Infrastructure

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It's not just a payment on inaccessible raw materials anymore. It's an export in and of itself:

http://www.cnbc.com/id/39682370

Quote:

In Serbia, the paper says, Chinese groups won a bid to build a €170m ($240m) bridge due to a €145m loan at less than half the market rate from the Export-Import Bank of China.

Kazakhstan is said to have switched to refinancing its banks via Chinese counterparts.

“The financing terms for Chinese suppliers often betray a huge degree of state subsidy, say in the form of very low rates for long-term loans from the Exim Bank,” the paper quotes the German banking association as saying.

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rffrydr
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Joined: 30 Oct 2005
Posts: 16932
Location: Sunny California

Posted: Fri Oct 15, 2010 10:54 am Post subject:

....And so it goes: http://www.nytimes.com/2010/10/16/business/16wind.html?partner=rss&emc=rss _________________ Today is the Tomorrow you worried about Yesterday!

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